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tax act is in different market. it is in the consumer do it yourself in the tax preparation software business. we're excited about both businesses. david: blucora has had quite a history. it survived the dot-com bust, reinventing several times. looks like it is sort of reinventing itself this time getting involved in a very competitive field. going up against turbotax, h&r block. you succeeded before. how difficult is it to redefine where the company is going? >> well, certainly the, infospace history is one that dates back to the mid-'90s in terms of the company forming and later going public and through the course of its history it has own ad number of different businesses all having common charactertics in that they're become online and digital markets. more recently, as you mentioned we acquired tax act and announced that earlier this year. it is a wonderful business that's focused, we discussed in the tax preparation software business, really focusing on consumer empowerment and providing tools for individual t
tax act is in different market. it is in the consumer do it yourself in the tax preparation software business. we're excited about both businesses. david: blucora has had quite a history. it survived the dot-com bust, reinventing several times. looks like it is sort of reinventing itself this time getting involved in a very competitive field. going up against turbotax, h&r block. you succeeded before. how difficult is it to redefine where the company is going? >> well, certainly the,...
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its own police force, no income tax, no sales tax, no capital gains tax to all the property tax and no federal regulation. it sounds good to me. the man behind it joins us now from honduras. you came on the show a year ago to discuss the idea of a free city and its thousand you have made progress. >> we made considerable progress. we expect we will be able to break ground within 30 days after the honduran government finalizes the legislation identifying the regions and also appointing a governor. john: already the honduran legislature passed the bill authorizing the general principles 126-1. they are behind it. >> incredibly popular. congress realizes the best hope for prosperity is to create a special development regions. model that the special development regions that have been so spectacularly successful in china which has cities scale special development regions. also dubai which had 110-acre region that had its own legal system that imported british common law "by international financial center which resulted in billions of dollars of capital flowing in and one of the greatest fin
its own police force, no income tax, no sales tax, no capital gains tax to all the property tax and no federal regulation. it sounds good to me. the man behind it joins us now from honduras. you came on the show a year ago to discuss the idea of a free city and its thousand you have made progress. >> we made considerable progress. we expect we will be able to break ground within 30 days after the honduran government finalizes the legislation identifying the regions and also appointing a...
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i ok at this story and that thing, this sounds like a tax to me. >> not only is it a tax, it does not take into account -- it does not seem to take into account the things that should. it is a pretty blanket statement. rea missions are extremely complex, and there is absolutely nothing in these reports that i have read that tlks about the patient and of the equation. what are the issues that are happening on the user and? and those have to be discussed among but i suppose that we don't want to discuss those things in an election year. gerri: and also, it begs the question, are you taking power out of the hands of the doctors and hospitals to back to busty making these decisions about care. i don't think so. a lot of things occur in the admission process, and smart hospitals, good hospitals are getting on top of this. for instance, in our community we have hospital in plano, texas. texas health resources. there is a group of really hard-core nurses and anybody who is a physician knows when talking about. you don't mess with these ladies. they have taken the bull by the horns and transf
i ok at this story and that thing, this sounds like a tax to me. >> not only is it a tax, it does not take into account -- it does not seem to take into account the things that should. it is a pretty blanket statement. rea missions are extremely complex, and there is absolutely nothing in these reports that i have read that tlks about the patient and of the equation. what are the issues that are happening on the user and? and those have to be discussed among but i suppose that we don't...
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vote for a tax cut. liz: for lower brackets. >> but reality this is -- this is kind of side show tactics, whether people want to -- revenues have to go up, hav we e to cut spending and maybe stimulus but they have to happen, and there is no getting around it they can hide behind whatever gimmick they want but we have to do all of the above. liz: what is the market reaction to that move, if they say we're going with as if call clifs -- s a bill that says raising taxes on upper bracket. >> if they did that it would be well telegraphed, i don't think they would do it in a subtle way. the market react that shows fiscal responsibility is a positive. liz: markets are not reacting. >> markets are benign about this the biggest danger for markets is a policy is make and chaos. >> do you think what we've seen -- we've seen an economy distorted by bubbles, like the economy has been on platform shoes, and i feel like, we have -- market -- some analyst some people, have been drained of all common sense, like they are
vote for a tax cut. liz: for lower brackets. >> but reality this is -- this is kind of side show tactics, whether people want to -- revenues have to go up, hav we e to cut spending and maybe stimulus but they have to happen, and there is no getting around it they can hide behind whatever gimmick they want but we have to do all of the above. liz: what is the market reaction to that move, if they say we're going with as if call clifs -- s a bill that says raising taxes on upper bracket....
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>> we have one guy, mitt romney says let's lower the tax rate to 25%. we need that in america but that obama who lot of people don't like what it comes to that strategy. 28%. what is 3% among ceo tie-ins but he says 25% for manufacturing, industry. a lot of republicans don't like industrial policy. i am not saying you should or shouldn't agree with that or disagree but both of these candidates want to help manufacturing whether by industrial policy or more bigger government area or lower the rate. [talking over each other] cheryl: alan mulally would love it if it were 25%. stamping chicago back in may doing gangbuster business. mitt romney wants to do it but obama also wants to do it. the difference is things not in manufacturing. you get 25%, if we could get down to 25 this is going to work. i don't think you should politicize your investment portfolio. dave: no solution the opportunities. [talking over each other] dave: america's top c e os are more pessimistic than in years so why is there outlook dampening and what do they think will turn things aro
>> we have one guy, mitt romney says let's lower the tax rate to 25%. we need that in america but that obama who lot of people don't like what it comes to that strategy. 28%. what is 3% among ceo tie-ins but he says 25% for manufacturing, industry. a lot of republicans don't like industrial policy. i am not saying you should or shouldn't agree with that or disagree but both of these candidates want to help manufacturing whether by industrial policy or more bigger government area or lower...
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are you satisfied with romney's answer on taxes? did he clarify his position on taxes? >> he not only clarified it you he was so emphatic on it he finally made a connection on people why his policies are better than the obama policies. i thought an absolute home run hitting on pro growth economic policies. he hasn't emphasized enoughment he did a masterful job on it last night u wow, you thought he won. >> absolutely. stuart: let me move on to jobs. show you what he said on jobs and get your reaction to it. >> look at the evidence of the last four years, it's absolutely extraordinary. we've got 23 million people out of work. or stopped looking for work in this country. it's just, we've got. >> all right. >> when the president took office, 32 million people on food stamps, 47 million on food stamps today. and economic growth this year. and slower than last year. and last year, slower than the year before. going forward with the status quo is not going to cut it for the american people who are struggling today. stuart: okay, going forward status quo, not good enough. did
are you satisfied with romney's answer on taxes? did he clarify his position on taxes? >> he not only clarified it you he was so emphatic on it he finally made a connection on people why his policies are better than the obama policies. i thought an absolute home run hitting on pro growth economic policies. he hasn't emphasized enoughment he did a masterful job on it last night u wow, you thought he won. >> absolutely. stuart: let me move on to jobs. show you what he said on jobs and...
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all tax increases to pay for more spending undermine tax reform. and therefore, they're not going to allow it. so, this is a-- this is a nonsorry, 'cause it will never pass the senate and never ever ever pass the house and as much as obama might like to see it happen now, no. stuart: okay. advice for mitt romney in tomorrow night's debate? >> look, obama has changed his previous promise, which was he wouldn't raise taxes on anyone who earned less than $250,000. now, he broke it about eight times during his presidency, but the new promise is, he won't raise anyone's income taxes who earns less than 250,000 next year. so, obama himself in his campaign speeches says, if i get reelected president, 2014, katie bar the door, there is no protection for anybody. so the tax code-- >> you're saying attack on the tax issue, that's what you say mitt romney can, must and should do. >> and spending and just the overall spend, tax, policy of this administration which would only get worse in a second term. stuart: all right. governor norquist, always a pleasure, t
all tax increases to pay for more spending undermine tax reform. and therefore, they're not going to allow it. so, this is a-- this is a nonsorry, 'cause it will never pass the senate and never ever ever pass the house and as much as obama might like to see it happen now, no. stuart: okay. advice for mitt romney in tomorrow night's debate? >> look, obama has changed his previous promise, which was he wouldn't raise taxes on anyone who earned less than $250,000. now, he broke it about...
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i don't believe romney has proposed raising taxes on on the middle class, he is raising reckless tax cuts. that i would support. >> the answer, the argument really is who do you trust to make thebetter going forward? it seems the president is winning that argument. ashley: perhaps he has been very successful in business, could be a good option. >> exactly. the regular americans really don't start looking at this stuff until three weeks before the election. people might start paying attention. who do you trust? how can you trust barack obama going forward when it failed so miserably the past four years by joe biden's own admission. that is even if you nt to blame rusch, you have a guy in the white house who promised us he would make things better, he is made things worse, he is a failure. >> i am not one of these crazy who do not believe the evidence in front of my eyes. clearly the argument is resounding and working. but you know what, he is very good. ashley: would never have enough time. want to touch on the debate very quickly and what you think the key issues are tomorrow night i
i don't believe romney has proposed raising taxes on on the middle class, he is raising reckless tax cuts. that i would support. >> the answer, the argument really is who do you trust to make thebetter going forward? it seems the president is winning that argument. ashley: perhaps he has been very successful in business, could be a good option. >> exactly. the regular americans really don't start looking at this stuff until three weeks before the election. people might start paying...
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>> taxes, taxes big time. the idea of rolling back or pulling back on the bush tax cuts for the top end of the scale impacts small businesses, because, remember, most of those people filed through a sub s. their companies are paid through personal returns. stuart: so if their personal rate of income tax is 35% and the small business makes a profit, that profit is taxed at 35%, so their personal tax. >> right, it flows through the personal tax return. stuart: they don't know whether that rate goes up or stays still or it if romney wins, comes down. >> corrects, correct. stuart: what do you tell them. >> uncertainly is killer in small business. stuart: they come to you for a solution and you don't have a solution. >> i don't. a lot of this is uncertainty. 3200 new regulations from the federal government last year and we're on course now close to over 5,000 this year, that's an unbelievable burden. stuart: okay, i've got obamacare, i've got taxes, uncertainty in both and number three? >> they're just afraid, afra
>> taxes, taxes big time. the idea of rolling back or pulling back on the bush tax cuts for the top end of the scale impacts small businesses, because, remember, most of those people filed through a sub s. their companies are paid through personal returns. stuart: so if their personal rate of income tax is 35% and the small business makes a profit, that profit is taxed at 35%, so their personal tax. >> right, it flows through the personal tax return. stuart: they don't know whether...
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we might see a doubling or more of the tax rate on dividends. might that not hurt the dividend stocks? >> great question. a couple things we look for once we have these fundamental requirements met is specifically requiring that the price is up trending to better refine purchase decisions and at the same time provide potential outlets of discipline in the event of the market turns against us and we could see a lot of volatility later in the year in fiscal disfunction remains on going. it is the concern of a lot of business owners and job creators and certainly something to keep our eyes on. dave: a lot more coming. good to see you both. thank you. appreciate it. even a liberal economist calling today's jobs numbers a statistical fluke. dean baker, co-director of the center for economic policy research getting a lot of press for put in cold water on these numbers. drink up spiritsmaker constellation brand. they're stocking a new all-time high following its earnings release. the good times keep flowing. the ceo joining us straight ahead. we are he
we might see a doubling or more of the tax rate on dividends. might that not hurt the dividend stocks? >> great question. a couple things we look for once we have these fundamental requirements met is specifically requiring that the price is up trending to better refine purchase decisions and at the same time provide potential outlets of discipline in the event of the market turns against us and we could see a lot of volatility later in the year in fiscal disfunction remains on going. it...
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talking about eliminating things too, like the estate tax and alternative minimum tax. that's a huge revenue raiser, that amt how will he get away with that? >> well, certainly a lot comes down to two factors in order to pay for it, one is, you have to look at it from the economic growth side. when we look at the economic benefits of cutting taxes across the board you really end up losing only about half of what you would if you look at it simply on a static basis. that means we have to do a lot less base broadening and a lot less loophole cutting than we normally would. that helps reduce the overall cost to the plan substantially. and makes it a lot less difficult to do these sort of measures to cut the costs. tracy: so the assumption is that the growth created will pay for the losses, will cover a piece of the loss of revenue, right. >> yes, that's correct. not all but some. tracy: okay. and then we also hear though he will cap some big tax breaks. do we know what breaks he is talking about? >> no. he has been obviously, very elusive about that. why not? why get into
talking about eliminating things too, like the estate tax and alternative minimum tax. that's a huge revenue raiser, that amt how will he get away with that? >> well, certainly a lot comes down to two factors in order to pay for it, one is, you have to look at it from the economic growth side. when we look at the economic benefits of cutting taxes across the board you really end up losing only about half of what you would if you look at it simply on a static basis. that means we have to...
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greek people handing over children to the tax check are to. no tax breaks. take my kids. symbol of how frustrated they are. ashley: all the mothers came into the office. was given the child, if you will do away with tax breaks for large families you raise this child. lori: unbelievable turn in this story. ashley: that is typical greece. >> i didn't know they had quite a sense of humor. i think it is funny. ashley: thank you very much, ladies. tracy: here to the greeks. ashley: lori said we wouldn't hand over her dogs. tracy: but the kids, take them. ashley: i'm ashley webster. stocks well off session highs. oil tumbling to below 96 bucks a barrel on new concerns about china. we're tracking all of the market moves this hour. tracy: a new startup wants to become the aaa of health care. care planners cofounder tells us how it works. he's ahead. ashley: regulation nation. the ceo of carl's jr and hardee's parent, cke, says taxes and health care are hurting his ability to do business. he is here and will be our special guest ahead. tracy: he has been pretty outspoken spoken ab
greek people handing over children to the tax check are to. no tax breaks. take my kids. symbol of how frustrated they are. ashley: all the mothers came into the office. was given the child, if you will do away with tax breaks for large families you raise this child. lori: unbelievable turn in this story. ashley: that is typical greece. >> i didn't know they had quite a sense of humor. i think it is funny. ashley: thank you very much, ladies. tracy: here to the greeks. ashley: lori said...
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lori: taxes. >> difference in taxes which is close to 18 to 19 cents. plus my profit margin at least have to be 10 to 15 cents. so i have to put out a sign outside, 5.50, or 5.55 to make money. lori: will anybody pay that in the l.a. area because people are so committed and depend on their cars? >> yes. i've been getting calls. friend coming to the station, what's going to happen? what what's going to happen? i don't have an answer for them because i don't have a answer to myself self. how will i convince the people that price will go down and when see the prices going up and up and up like no tomorrow. lori: will you start shutting your gas pumps? >> still i got about 7 to 800 gallons left at the tank. i'm hoping the price will go down but i talked to lady at refinery the she said no, prices will keep going up. if you want to wait monday, maybe. i said are you sure? i don't know. i have an answer for you too. tonight or tomorrow morning i going to shut it down. so this is first time in my lifetime. i've been in this location over 30 years. i mean shutt
lori: taxes. >> difference in taxes which is close to 18 to 19 cents. plus my profit margin at least have to be 10 to 15 cents. so i have to put out a sign outside, 5.50, or 5.55 to make money. lori: will anybody pay that in the l.a. area because people are so committed and depend on their cars? >> yes. i've been getting calls. friend coming to the station, what's going to happen? what what's going to happen? i don't have an answer for them because i don't have a answer to myself...
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it was a symbolic protest against the dropping of tax breaks for large families. the parents held banners reading stop killing our families in one hand and strollers in the other as they marched straight into a tax director's office. greece pledging austerity measures worth about 12 billion euros for next year and 2014 to try and secure more financial aid from international lenders. that's what life is like in greece right now. back to you. dagen: thank you ashley. connell: let's go to apple and google and no maps -- google maps op the latest iphone -- on the latest iphone, ipad, it's been a mess. walt mossberg it says it could give other phones what they have been looking for. dagen: joining us is walt mossberg. you reviewed the google maps for android phones. broadly speaking, how good are they? >> they are very good. they are not perfect, dagen. although google's working on this for seven years. he have a lot more data. -- they have a lot more data and more accuracy than the new fledgling apple maps. i did find in my test at least a couple of inaccuracies inclu
it was a symbolic protest against the dropping of tax breaks for large families. the parents held banners reading stop killing our families in one hand and strollers in the other as they marched straight into a tax director's office. greece pledging austerity measures worth about 12 billion euros for next year and 2014 to try and secure more financial aid from international lenders. that's what life is like in greece right now. back to you. dagen: thank you ashley. connell: let's go to apple...
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this year the tax is in place. airlines aren't going to see that. david: okay. >> so we'll see jetblue miss. we have two bold estimates on the negative side. these are the best rated analysts that are below the estimate. david: we have to do this quickly because we're running out of time. final loser, the final one that will disappoint on expectations natural resources company called cliffs. they actually had a 6% bump their stock, so you're going against the trend? >> we are. in fact they also have analysts that are far below the consensus. the smart estimate is 10 cents below the consensus estimate. that says the best analysts and latest --. david: so people aren't confused out there. you see green arrows and plus signs. sri is saying no, this will disappoint. even though up today a big disappointment in earnings. >> over last two years they have been spending a lot on cap-ex. they have been expanding capacity. iron ore from china is way down. that will affect iron ore prices that has been brought down 60%. liz: you're starting to see china put in
this year the tax is in place. airlines aren't going to see that. david: okay. >> so we'll see jetblue miss. we have two bold estimates on the negative side. these are the best rated analysts that are below the estimate. david: we have to do this quickly because we're running out of time. final loser, the final one that will disappoint on expectations natural resources company called cliffs. they actually had a 6% bump their stock, so you're going against the trend? >> we are. in...
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a lot of tax got downgraded today. i also wanted to take a look at a long-term chart of the dow versus the s&p 500 over five years. five years ago, the dow and s&p 500 actually hit the record. the dow closed up 14,164. a lot of the bulls out there would like to see that right now. the s&p closed at 1545. the dow is down 4% from that peak in the s&p down about 7%. as far as the major market averages, business sentiment from small businesses. it fell for the fourth time in five months since september. some of the analysts calls that we have seen on the tech stock, including ibm, hewlett-packard, dell, most of them were downgraded. some of the tech names coming under pressure today. back to you. tracy: thank you. a new reading on american small business sentiment. raising new fears about recession. elizabeth macdonald here with. >> bottom line. >> they should sit up and take notice. it is a confidence index. basically since 1980, firms less than five years old, created all net new jobs in this country. here is dan danner.
a lot of tax got downgraded today. i also wanted to take a look at a long-term chart of the dow versus the s&p 500 over five years. five years ago, the dow and s&p 500 actually hit the record. the dow closed up 14,164. a lot of the bulls out there would like to see that right now. the s&p closed at 1545. the dow is down 4% from that peak in the s&p down about 7%. as far as the major market averages, business sentiment from small businesses. it fell for the fourth time in five...
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for a tax cut. connell: peter barnes has all his marbles in d.c. today. thanks. dagen: not really. we love you. they're not quite all there. connell: that's not right. you should be the one to talk. dagen: that's why i said that. peter, we do love you. it says connell read. connell: i love that name, two ns and two ls. the protesters are out in greece today over all the cutbacks in the government. they don't like merkel and everything else. we will bring you the latest from greece. dagen: back here at home, the keystone pipeline is back in the national spotlight thanks to the romney campaign. cheaper fuel, more jobs, are all in place here. take a look at today's winners on the s&p 500: dagen: cheaper energy and more jobs, the romney ryan camp putting the keystone pipeline back in the national spotlight. we track all of our money that is going to the solar panel industry in china. and that ominous dark cloud hanging overhead, not connell, was expected to be a lousy season for quarterly earnings. some
for a tax cut. connell: peter barnes has all his marbles in d.c. today. thanks. dagen: not really. we love you. they're not quite all there. connell: that's not right. you should be the one to talk. dagen: that's why i said that. peter, we do love you. it says connell read. connell: i love that name, two ns and two ls. the protesters are out in greece today over all the cutbacks in the government. they don't like merkel and everything else. we will bring you the latest from greece. dagen: back...
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california taxes and regulations. it is not good. liz: i know fox news has been there. that one in beverly hills, forget about it did it is probably six dollars for full service. we have reactions from motorists at the pump. >> we are not that far from beverly hills did we did not go to beverly hills because that is the obvious choice. maybe get away to a little more blue-collar area. not far from your hometown. we are talking about gas prices $4.99 for regular unleaded. if you go down the road a couple of blocks .the prices there are $5.29. the second problem is you have california stricter standards of gas. the governor has just signed on to change to the winter standard. this third reason is a number of refineries that are down. that has caused the problem with supply which is caused prices to go up which is bad people who drive cars here in california which is just about everybody not to happy. >> it takes forever to get the prices back down again. it is pretty ridiculous. select $10 gas won't even get me a quarter of a tank. it is really out of control. >> i ride m
california taxes and regulations. it is not good. liz: i know fox news has been there. that one in beverly hills, forget about it did it is probably six dollars for full service. we have reactions from motorists at the pump. >> we are not that far from beverly hills did we did not go to beverly hills because that is the obvious choice. maybe get away to a little more blue-collar area. not far from your hometown. we are talking about gas prices $4.99 for regular unleaded. if you go down...
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del reading from citigroup on your tax stocks is not a good day. hewlett-packard was initiated, the price target of $13.50. still has room to go to the downside and initiated with a cell and citigroup and the price target $8.50 so that would be another dollar lower than where it is and then there is in tel downgrading, bernstein downgraded to underperform from a market performer and also the new price target, $26 from $32. still higher from where it is but the attack is the group waiting today. the nasdaq composite down 1.3%. liz: i am wearing silver hoops to night, not gold. it has been a wild ride. gold is up more than 450% over the past ten years. an incredible performer. gold has extended losses into a third day and these trends are indicators of -- let's ask my next guest who thinks the bubble is ready to burst. he says gold will sink on your screen to $700 in five years. jacobs is the director -- 1,066 right now. he is director and chief investment strategist at chartres profit capital. on the gold bugs all over you? >> when you make a predic
del reading from citigroup on your tax stocks is not a good day. hewlett-packard was initiated, the price target of $13.50. still has room to go to the downside and initiated with a cell and citigroup and the price target $8.50 so that would be another dollar lower than where it is and then there is in tel downgrading, bernstein downgraded to underperform from a market performer and also the new price target, $26 from $32. still higher from where it is but the attack is the group waiting today....